FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                            Report of Foreign Issuer



                    Pursuant to Rule 13a - 16 or 15d - 16 of

                      the Securities Exchange Act of 1934



                       For the month of February 2003
                              18 February 2003



                       BRITISH SKY BROADCASTING GROUP PLC
                              (Name of Registrant)



                Grant Way, Isleworth, Middlesex, TW7 5OD England
                    (Address of principal executive offices)



Indicate by check mark whether the registrant  files or will file annual reports
under cover of Form 20-F or Form 40-F


                    Form 20-F X            Form 40-F



Indicate by check mark whether the  registrant  by  furnishing  the  information
contained  in this  Form is  also  thereby  furnishing  the  information  to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934


                    Yes                    No X



If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not Applicable



                                 EXHIBIT INDEX


                                    Exhibit


EXHIBIT NO.1    Press release of British Sky  Broadcasting  Group plc
                announcing Improved Moody's Outlook released on
                18 February 2003


EXHIBIT NO.1


                                                                18 February 2003


                       BRITISH SKY BROADCASTING GROUP PLC

                 BSkyB welcomes improved rating agency outlook


British Sky Broadcasting Group plc ("BSkyB") welcomes the announcement by
Moody's Investors Service today that it has raised its rating outlook from
'Stable' to 'Positive' and affirmed the Company's current rating.

BSkyB is currently rated Ba1 by Moody's and BB+ by Standard & Poor's.

As at 31 December 2002, BSkyB's net debt was GBP1,386 million, a reduction of
GBP447 million since the Company turned cashflow positive in January 2002.


                                   SIGNATURES



Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.


                                         BRITISH SKY BROADCASTING GROUP PLC


Date: 18 February 2003                   By: /s/ Dave Gormley
                                             Dave Gormley
                                             Company Secretary